By Eric
Source: Bloomberg
Weekly market recap
In the past week, expectations for a strong economic rebound helped boost interest rates.
While the broader stock market was choppy, sectors that do well in a rebound – financials, airlines and industrials – stood out as leaders. This is known as the reflation trade.
Source: moomoo
Those stocks gained at the expense of growth and technology, down 2%. Strategists expect that reflation trade to continue as signs suggest that the economy could make a sharp comeback.
The S&P 500 was down 0.7% on the week to 3,906, while the Dow was up a tiny 0.1% at 31,494. The Nasdaq was off 1.57% for the week, to 13,874, with the decline in tech. Apple, for instance, gave up 4% on the week.
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Here's a signal you need to know:
Here's a look at the returns of S&P 500 sectors year to date:
Source: jhinvestments
The week ahead in focus
Here are the most anticipated earnings releases, IPOs and economic events for the week ahead:
Earnings season continues this week as another slate of big names report earnings. Tech titans weigh in with $Palantir Technologies Inc(PLTR.US)$, $Baidu Inc(BIDU.US)$, $TWILIO INC(TWLO.US)$, $Shopify Inc(SHOP.US)$, $Analog Devices Inc(ADI.US)$ and $Roku Inc(ROKU.US)$ all reporting earnings.
A year ago, Roku’s then 32 million accounts very nearly missed out on being able to stream Super Bowl 54. And though there’s already been a lot to worry about in 2021.
Will Roku's results fail to live up to massive expectations?
Especially for readers preferring Chinese:
*Weekly US Market Recap and Outlook by 2/12.
Source: Jhinvestments, Bloomberg